HSBC Lowers Spectris (SXS) Price Target to GBX 2,250

Spectris (LON:SXS) had its price objective reduced by equities researchers at HSBC from GBX 2,750 ($35.93) to GBX 2,250 ($29.40) in a note issued to investors on Tuesday. The firm presently has a “hold” rating on the stock. HSBC’s price target would indicate a potential upside of 8.49% from the company’s previous close.

SXS has been the topic of several other reports. Morgan Stanley reduced their price objective on shares of Spectris from GBX 3,170 ($41.42) to GBX 3,000 ($39.20) and set an “overweight” rating on the stock in a report on Wednesday, July 25th. Peel Hunt upgraded shares of Spectris to an “add” rating and reduced their price objective for the company from GBX 3,000 ($39.20) to GBX 2,825 ($36.91) in a report on Tuesday, August 14th. UBS Group restated a “sell” rating and issued a GBX 2,150 ($28.09) price objective (down from GBX 2,250 ($29.40)) on shares of Spectris in a report on Thursday, July 26th. Numis Securities reduced their price objective on shares of Spectris from GBX 2,800 ($36.59) to GBX 2,400 ($31.36) and set a “hold” rating on the stock in a report on Thursday, July 26th. Finally, Shore Capital restated a “buy” rating on shares of Spectris in a report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 2,764.62 ($36.12).

Shares of SXS opened at GBX 2,074 ($27.10) on Tuesday. Spectris has a 12-month low of GBX 2,225 ($29.07) and a 12-month high of GBX 2,869 ($37.49).



In other Spectris news, insider Clive Watson sold 1,859 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of GBX 2,197 ($28.71), for a total transaction of £40,842.23 ($53,367.61). Also, insider Karim Bitar purchased 650 shares of the business’s stock in a transaction on Friday, August 17th. The shares were acquired at an average price of GBX 2,306 ($30.13) per share, for a total transaction of £14,989 ($19,585.78). Insiders have acquired 1,044 shares of company stock worth $2,453,118 over the last quarter.

About Spectris

Spectris plc manufactures and sells measuring instruments and controls worldwide. It operates through four segments: Materials Analysis, Test and Measurement, In-line Instrumentation, and Industrial Controls. The Materials Analysis segment provides products and services, which enable customers to determine structure, composition, quantity, and quality of particles and materials during their research and development processes, when assessing materials before production, or during the manufacturing process.

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Analyst Recommendations for Spectris (LON:SXS)

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